Southwest Airlines (LUV) Retained Earnings (2009 - 2026)
Southwest Airlines (LUV) posted quarterly Retained Earnings of $16.7 billion for Q2 2026, up 2.92% year-on-year from $16.2 billion in Q2 2025, and up 0.88% on a QoQ basis from $16.5 billion in Q1 2026.
Southwest Airlines (LUV) Retained Earnings (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Retained Earnings for 18 consecutive years, with $16.7 billion the latest figure, recorded in Q2 2026.
- Quarterly Retained Earnings rose 2.92% year-over-year to $16.7 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $16.7 billion (up 2.92% YoY) and the FY2025 annual result came in at $16.4 billion, changed 0.34% from the prior year.
- Retained Earnings advanced to $16.7 billion in Q2 2026 per LUV's latest filing, from $16.5 billion in the prior quarter.
- Over the last five years, Retained Earnings for LUV reached as high as $16.7 billion in Q2 2026 and fell as low as $15.6 billion in Q1 2022.
- A 5-year average of $16.3 billion and a median of $16.3 billion in 2022 frame the typical range for Retained Earnings.
- Annual changes were most pronounced in 2022 — Retained Earnings gained 6.89% — and 2024, when it dropped 2.88%.
- Year by year, Retained Earnings stood at $16.3 billion in 2022, then rose by 0.22% to $16.3 billion in 2023, then grew by 0.21% to $16.3 billion in 2024, then advanced by 0.34% to $16.4 billion in 2025, then climbed by 1.73% to $16.7 billion in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered $16.7 billion, $16.5 billion, and $16.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,626.03 Bn | 30,623.36 Bn | 1.28 Mn | 2.57 Bn |
| 2 | Ryanair Holdings | 61.09 Bn | 57.90 Bn | - | 974.30 Mn |
| 3 | Delta Air Lines | 56.60 Bn | 51.94 Bn | 19.07 Bn | -4.07 Bn |
| 4 | Southwest Airlines | 22.11 Bn | 18.32 Bn | 7.33 Bn | 16.67 Bn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.89 Bn | 8.06 Bn | - | -325.00 Mn |
| 6 | Copa Holdings | 5.66 Bn | 4.32 Bn | 713.71 Mn | -15.94 Mn |
| 7 | Alaska Air | 5.37 Bn | 3.60 Bn | 3.20 Bn | -176.00 Mn |
| 8 | Skywest | 4.32 Bn | 3.72 Bn | 1.01 Bn | 3.22 Bn |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | 398.00 Mn |
| 10 | Allegiant Travel | 1.81 Bn | 906.79 Mn | 651.87 Mn | 1.00 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.67 Bn |
| Mar 31, 2026 | 16.53 Bn |
| Dec 31, 2025 | 16.39 Bn |
| Sep 30, 2025 | 16.16 Bn |
| Jun 30, 2025 | 16.20 Bn |
| Mar 31, 2025 | 16.08 Bn |
| Dec 31, 2024 | 16.33 Bn |
| Sep 30, 2024 | 16.18 Bn |
| Jun 30, 2024 | 16.22 Bn |
| Mar 31, 2024 | 15.96 Bn |
| Dec 31, 2023 | 16.30 Bn |
| Sep 30, 2023 | 16.66 Bn |
| Jun 30, 2023 | 16.57 Bn |
| Mar 31, 2023 | 16.00 Bn |
| Dec 31, 2022 | 16.26 Bn |
| Sep 30, 2022 | 16.59 Bn |
| Jun 30, 2022 | 16.31 Bn |
| Mar 31, 2022 | 15.55 Bn |
| Dec 31, 2021 | 15.77 Bn |
| Sep 30, 2021 | 15.71 Bn |